I'm leaning to the downside as well for multiple factors...but I can't ignore the fact that price just isn't dropping either. It's still stuck around the 50ema right now. Interest rate decision tonight should get it moving one way or another at ...

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not much going on to start the week. Looks like price finally broke below the 1hr 50ema and could test the 200ema around .7020. Watch to see if any possible setups happen there. Just be cautious, RBA interest rate news tomorrow so things could be ...

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Excellent, great way to end the week and enjoy your weekend!

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I hope some of you caught this trade! Have a great weekend!

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Thanks for the contribution trader34! Hope to see some others do the same. On a side note, looks like it's profit taking Friday. Nice 1hr setup for shorts. Of course it happened early London session while I was sleeping, haha. But I'll try to post a ...

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Great job!!! When you have a nice up channel...and you're disciplined enough to wait to sell the high, it usually works out. It also helps, when you are going to counter trend trade, you wait until the daily ADR has been met...and in this case, it ...

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Another day, another 100+ pip rally. Looks like this makes 9 out of the last 11 days for Aussie to be Bullish. While there will always be opportunities to trade either way, if for some reason you take a short setup trade, think small profits...not ...

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Not much going on here guys...the Aussie seems to be a in a pretty strong up movement right now. The 1hr and 4hr charts both show Higher Highs and Higher Lows. Price has been bullish pretty much 8 out of the last 10 days it has gone up 260pips since ...

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Good call waiting until the FOMC news. But yes, I do agree a possible retrace of the multi-year down trend might be coming. Keep an eye on the charts.

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One other thing before I head out for the day. Be careful if you trade tonight, "red news" for Aussie tonight. Also, tomorrow has US Fed interest rate news. Use caution or don't even trade.

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Here's an update to the 15min chart I posted above. When trading, always remember to think of both the Pros & Cons of entering a trade. Make sure the odds are in your favor...the higher the better!

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Thanks for posting trader34. Nice trade to the long side. Looks like you have a good understanding of price action. You might use some different indicators than me, but at the foundation of your trading is Price Action. Once traders understand that, ...

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Something to watch real time...how would you trade this? Would you trade this? Just food for thought!

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Here's a more advanced long entry on the 1hr chart that setup overnight early in the London session! Easily good for 30-50pips.

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Here's an updated 15minute chart from the one above showing how that long setup would have worked out.

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There was a "semi-short" setup last night I see...Evening Star pattern at the 50ema on the 15min chart that would have given 20-30pips. And then another long setup around .6920-30 at the 1hr chart that's already been good for 30pips. I'll try to get ...

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Some might be asking about chart patterns and candlestick patterns. If it's new to you, here's a candlestick pattern website that is pretty quick and easy to understand. url Here's a chart showing a few examples of what I like to see...these ...

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Here's a little something I'm watching on the 15minute chart at the moment...it may or may not turn out to be a good trade, but it gives you an idea of my thought process when looking for a trade. First and foremost I look for a good confluence of ...

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I'm currently looking to see if price is going to continue down or retrace back up. I've attached another chart with a support/resistance line that goes back a couple weeks. You can see how the .6950 area has provided both support and resistance ...

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I hope everyone is doing well. This year I've decided not to try and trade the London session...basically, I'm on East Coast time here in the US and those hours aren't good for me mentally or physically. I'll be trading mostly US and Asian sessions. ...

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